Today Cryptocurrency Price: Global cryptocurrency markets continued to display a flat movement on Saturday, May 28, even as the global stock market moved further. it was because of the fear among the people crypto investors Due to various reasons, the stock market which had been choppy for several days did not ease even after the session. Major crypto coins including Bitcoin, Ethereum and Solana also did not register much growth but remained mostly in the green at the time of writing this article.
According to the data, the global cryptocurrency market was up 1.17 percent to $1.20 trillion in the past 24 hours at the time of writing this article. BuyUcoin CEO Shivam Thakral said on Friday, “The crypto bear market is in for a long haul as the overall crypto market cap has declined by about 4 percent.”
Meanwhile, bitcoin price still remains well below the $29,000 level after Friday’s decline. According to data from global cryptocurrency tracking website CoinMarketCap, the price of bitcoin today stood at $28,849.59. It had risen 0.56 per cent in the last 24 hours, but declined by 1.33 per cent in the last seven days.
“Bitcoin is struggling to cross the $30k mark and Ether is under a lot of pressure after falling below the $1700 mark. Layer 1 coins like Solana and Avalanche have suffered double-digit losses and the DeFi ecosystem A significant drop has been observed in the total value closed in the month of March,” said Shivam Thakral.
Ether remained below the $1,800 mark throughout the day, gaining 2.22 percent over the past 24 hours. According to the data today the price of Ether was $1,767.81. Ethereum prices have fallen 10 percent in the past week.
Meanwhile, Ethereum co-founder Gavin Wood said cryptocurrency investors need to be more aware of what is backing their holdings after the market crash that wiped out more than $800 billion from their value. given, as per a report by Reuters.
“It is important to note that crypto is not the only market in a bear phase, with some of the most bullish tech stocks having suffered a major downtrend that is the result of a number of macroeconomic factors pressing on the traditional and crypto markets. Prithvi Thakral, in a note to News18.com, said the market is expected to remain volatile and investors should hold on to their positions.
Here are the top 10 cryptocurrencies and their prices as of Saturday, May 28, 2022 (data from coinmarketcap.com)
Bitcoin is up $28,849.59 or 0.56 percent in the last 24 hours
Ethereum lost $1,767.81 or 2.22 percent in the last 24 hours
Tether $0.99991 or 0.00 percent increase in last 24 hours
USD coin up by $1.00 or 0.01 percent in last 24 hours
BNB is up $302.05, or 3.34 percent, in the last 24 hours
XRP up $0.3858 or 1.63 percent in the last 24 hours
Binance USD $0.99995 or up 0.00 percent in last 24 hours
Cardano is up $0.4599 or 1.84 percent in the last 24 hours
Solana gained $41.90 or 3.90 percent in the last 24 hours
Dogecoin is up $0.0826 or 6.79 percent in the last 24 hours